(MULL) GraniteShares 2x Long MU - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NASDAQ (USA) | Market Cap: 752m USD | Total Return: 4996.9% in 12m
Avg Turnover: 183M
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
The GraniteShares 2x Long MU Daily ETF (MULL) is an actively managed, non-diversified fund designed to provide 200% of the daily price performance of Micron Technology, Inc. common stock. To achieve this leveraged exposure, the fund utilizes financial derivatives, including total return swaps and options, alongside direct equity holdings.
Micron Technology operates within the semiconductor industry, specializing in memory and storage solutions such as DRAM and NAND flash. This sector is characterized by high capital expenditure requirements and cyclical demand driven by advancements in data centers, artificial intelligence, and consumer electronics. As a leveraged instrument, MULL is intended for short-term trading rather than long-term investment due to the effects of daily rebalancing and compounding.
Investors should examine the fundamental valuation of the underlying asset on ValueRay to better understand the risks of leveraged positions.
- HBM demand for AI servers drives Micron revenue and margins
- DRAM and NAND pricing cycles dictate underlying stock volatility
- Capex intensity for next-generation nodes impacts free cash flow
- Leveraged daily rebalancing amplifies gains and losses from Micron price swings
As of May 29, 2026, the stock is trading at USD 684.42 with a total of 343,496 shares traded.
Over the past week, the price has changed by +53.12%,
over one month by +202.15%,
over three months by +304.36% and
over the past year by +4996.92%.
GraniteShares 2x Long MU has no consensus analysts rating.